FuelCell Energy (FCEL) Reaches New 12-Month Low at $0.60

Shares of FuelCell Energy Inc (NASDAQ:FCEL) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $0.60 and last traded at $0.63, with a volume of 1123678 shares traded. The stock had previously closed at $0.64.

A number of brokerages recently issued reports on FCEL. Zacks Investment Research upgraded FuelCell Energy from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research report on Tuesday, November 27th. Roth Capital downgraded FuelCell Energy from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a research report on Friday, November 23rd. ValuEngine upgraded FuelCell Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, B. Riley set a $4.00 price target on FuelCell Energy and gave the stock a “buy” rating in a research report on Friday, September 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $2.19.

The stock has a market capitalization of $60.14 million, a price-to-earnings ratio of -0.58 and a beta of 1.72. The company has a quick ratio of 1.23, a current ratio of 1.94 and a debt-to-equity ratio of 0.81.

FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, September 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.01). FuelCell Energy had a negative return on equity of 45.52% and a negative net margin of 36.18%. The business had revenue of $12.11 million for the quarter, compared to the consensus estimate of $11.57 million. During the same quarter last year, the business posted ($0.31) earnings per share. Equities analysts expect that FuelCell Energy Inc will post -0.75 EPS for the current fiscal year.

In other FuelCell Energy news, Director John A. Rolls bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average cost of $0.75 per share, for a total transaction of $75,000.00. Following the completion of the transaction, the director now owns 417,274 shares in the company, valued at $312,955.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.11% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Resource Management LLC lifted its position in shares of FuelCell Energy by 237.2% during the second quarter. Resource Management LLC now owns 84,300 shares of the energy company’s stock worth $111,000 after purchasing an additional 59,300 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new stake in shares of FuelCell Energy during the second quarter worth $200,000. Bank of New York Mellon Corp lifted its position in shares of FuelCell Energy by 244.0% during the second quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock worth $343,000 after purchasing an additional 184,181 shares during the last quarter. Robecosam AG lifted its position in shares of FuelCell Energy by 16.7% during the third quarter. Robecosam AG now owns 1,400,000 shares of the energy company’s stock worth $1,540,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of FuelCell Energy by 6.2% during the third quarter. Vanguard Group Inc. now owns 3,803,502 shares of the energy company’s stock worth $4,069,000 after purchasing an additional 220,519 shares during the last quarter. Institutional investors and hedge funds own 21.81% of the company’s stock.

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FuelCell Energy Company Profile (NASDAQ:FCEL)

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.

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